The new economic program of the government will be finalized by the National Economic Council (NEC) by next week. This was decided at a meeting, chaired by President Maithripala Sirisena at the Presidential secretariat yesterday (20th Feb.).
The Government yesterday presented in Parliament a new Bill to authorize the raising of loans in or outside Sri Lanka for the purpose of Active Liability Management to improve public debt management.
The Bill was presented for the First Reading by Chief Government Whip and Minister Gayantha Karunathilake.
The objective of the Bill is to manage public debt to ensure the financing needs and payment obligations of the Government are met at the lowest possible cost over the medium to long term consistent with a prudent degree of risk.
The new Bill allows borrowing in advance for debt servicing in future.
The Government also presented a new Bill titled “Demutualization of Colombo Stock Exchange” to convert the Colombo Stock Exchange, which is a company limited by guarantee, to a company limited by shares. According to the Bill, the Board of Directors of the Demutualized Stock Exchange should determine the number of shares to be issued of the Demutualized Stock Exchange and value of the reserves to be converted to share capital for such purpose within a period of one month from the date of conversion.
The two Bills will be moved for the Second Reading debate at a future date.
The members of commission to inquire and report the malpractices in Sri Lankan airlines, Mihin Air Ltd, Sri Lankan catering Ltd, during the period of 6th of January 2016 to 31 of January 2018 were given appointments at the presidential secretariat by President Maithripala Sirisena.
The final report of the Presidential Committee appointed to inquire into the damage caused to life and property due to the collapse of the Meethotamulla garbage dump, was handed over to President Maithripala Sirisena, at the President’s Official Residence, yesterday (6th Feb.).
On the instructions of President Maithripala Sirisena, the AB-21 Jaffna-Ponnalai-Point Pedro Road from Kankasanthurai to Point Pedro was opened from yesterday for public after 27 years. The road segment has been closed since the 28th of June 1990.
The new currency note with a face value of thousand rupees issued by the Central Bank in order to commemorate the 70th independence anniversary falls on 4th of February was presented to President Maithripala Sirisena by Governor of the Central Bank Dr. Indrajit Coomaraswamy at the Presidential secretariat on 2nd February).